Supreme Court nod for Kerala High Court to continue execution proceedings in Kashi Math case

On September 15, 2026, the Supreme Court declined to hear former NSE managing director Chitra Ramkrishna's appeal against a Delhi High Court order taking cognizance of offences under the anti-corruption law in the co-location scam case against her. Her plea was heard by a bench consisting of Justices J B Pardiwala and K Vinod Chandran.

Senior advocate Balbir Singh argued for Ms. Ramkrishna, asserting that NSE, as a private company, cannot be held responsible for public duties. The High Court had previously ruled that NSE performed a public duty and, as its CEO and managing director, Ramkrishna also fulfilled a duty and function in which the public had a stake.

The court dismissed her argument, stating that the definition of "public servant" under the PC Act was not vague or uncertain to the extent of being unconstitutional. The co-location scam involves alleged misuse of the algorithm and co-location facility by brokers in collusion with unknown officials to generate profits between 2010 and 2014 while Ramkrishna was managing NSE.